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...year for a national missile defense. And it may be a good idea to dip into the fund to help stimulate the economy. But so far, the only politician to stick his head above the parapet and say times have changed and so should our minds is Sen. Pete Domenici, the ranking Republican on the Senate Budget Committee. "What's wrong with using it for education," Domenici said last week. "I have now talked with 15 economists. None of them believe that is good economic policy for America to say we cannot touch those [funds] in a time of declining...

Author: /time Magazine | Title: Why Some Campaign Promises Should Be Broken | 9/10/2001 | See Source »

...Domenici's trial balloon was met with deafening silence by his Republican colleagues. Pry open the Social Security lock box? Not a chance, says the GOP. Democrats can't wait to blast Republicans for dipping into that trust fund. So just the opposite is happening. "People are beginning to figure out where their foxholes and gun emplacements are to be located and where they're going to start the war," a Senate Republican leadership aide tells me. "The first shots have been fired over Social Security and the economy. On the economy, Republicans have the high ground because we believe...

Author: /time Magazine | Title: Why Some Campaign Promises Should Be Broken | 9/10/2001 | See Source »

...Republican sources tell me that two other Senators - Fred Thompson of Tennessee and Pete Domenici of New Mexico - are also considering retiring when their terms are up in 2002. Same story there: both are fed up with the chamber and realize their party won't recapture it for a while. Domenici, who wielded considerable clout as Budget Committee chairman, now has to sit back and grit his teeth while Democrat Kent Conrad runs the show. Thompson has only $544,000 in his campaign bank and hasn't yet announced whether he'll seek reelection...

Author: /time Magazine | Title: Why Phil Gramm's Retirement Worries the GOP | 9/4/2001 | See Source »

...Domenici adamantly insists he's not bowing out. He's raised $1.9 million for the next campaign and just had George W. Bush in his state for a fundraiser. But then again, Gramm, who has $4.4 million in his campaign war chest, adamantly insisted last month that he'd run for reelection...

Author: /time Magazine | Title: Why Phil Gramm's Retirement Worries the GOP | 9/4/2001 | See Source »

...believe the rumors, say other GOP operatives. Yes, Thompson, who has only $544,000 in his campaign bank, hasn't yet announced whether he'll seek reelection. But Gramm and Domenici insist they're not bowing out. Gramm has $4.4 million on hand. Domenici, who has about $1.9 million, had George Bush in his state last week for a fundraiser. Republicans also say the overall numbers aren't as bleak as they first appear. They have more seats up for grabs, but Democrats are seriously challenging no more than three of them, GOP officials claim. Republicans, meanwhile, are mounting serious...

Author: /time Magazine | Title: What Would a Post-Helms Senate Look Like? | 8/21/2001 | See Source »

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